‘Brexit,’ a Feel-Good Vote That Could Sink Britain’s Economy – The New York Times

In this excellent article, the NYT reports that in their desire to leave the E.U., many Britons have found an outlet for fears about immigration and terrorism. But the cost of an exit would be high.

Source: ‘Brexit,’ a Feel-Good Vote That Could Sink Britain’s Economy – The New York Times

This is NYT quality journalism at its best.

Thoughts?

Exclusive: German firms scaling back investment in Britain ahead of EU vote | Reuters

Reuters reports that German companies are scaling back their investment in Britain ahead of its June 23 referendum on membership of the European Union, and German industry is becoming increasingly vocal in warning that a Brexit would hit both countries’ economies.

Source: Exclusive: German firms scaling back investment in Britain ahead of EU vote | Reuters

This story should be no surprise. The risks of a Brexit are real and German firms are mitigating against potential loss.

The economic evidence against Brexit is overwhelming. Meanwhile Brexit sponsors and their supporters continue in denial. The central message of the Brexiteers is xenophobia – yet it is questionable that immigration would be seriously curtailed with a Brexit; the Economist highlighted that immigrants would still be required to support UK economic growth because of the skills shortage of the indigenous population.

Thoughts?